Summary -
49 Lumsden Road,SOUTHSEA,PO4 9LN
PO4 9LN
3 bed 1 bath Flat
Income-producing ground-floor flat with immediate rental return.
Gross annual income £12,000 from long-term tenants
A three-bedroom ground-floor flat in Southsea offered with a long-term tenant in place, generating a current gross rental income of £12,000 per year. The property is leasehold, positioned on a mid-20th century townhouse-style block with communal paved frontage and limited private outdoor space. Internally the accommodation is described as serviceable but dated, presenting straightforward redecoration or light refurbishment potential for improved returns.
This is aimed squarely at buy-to-let investors or portfolio builders who favour immediate income and minimal void risk. The sitting tenant has occupied the flat for several years and intends to remain, meaning rental continuity on completion but also limited vacant-possession options. A Buyers Premium applies to secure the sale — purchasers should factor this into overall costs.
Material points to check before bidding include lease length and ground rent/service charges, an interior inspection to confirm condition, and sight of the Let Property Pack for tenancy paperwork and detailed income history. The flat’s urban location offers good local amenities, excellent mobile signal and fast broadband — practical strengths for tenanted stock — but external space is limited and the decor and some fixtures appear dated, so budget for updating if targeting higher rents.
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